Elon Musk: Reducing Federal Spending Is Essential to Save America

Elon Musk: It's not optional for us to reduce the federal expenses. It's essential.

“We've also got to address the deficit. We've got a $2 trillion deficit. And if we don't do something about this deficit, the country's going bankrupt.

It's really astounding that the interest payments alone on the national debt exceed the Defense Department budget, which is shocking because we spend a lot of money on defense. And if that just keeps going, we're essentially going to bankrupt the country.

What I really want to say is, it's not optional for us to reduce the federal expenses. It's essential. It's essential for America to remain solvent as a country. And it's essential for America to have the resources necessary to provide things to its citizens and not simply be servicing vast amounts of debt.”

DOGE Update from the Oval Office, February 12, 2025